Retest 5.1

Routinely paying my bills late could negatively affect my credit history. Is this statement True or False?

When I apply to borrow money for a car, the loan company will most likely look at my credit history. Is this statement True or False?

Late payments are retained on credit reports for 7 years. Is this statement True or False?

Brady took his family out to eat. He handed the waitress a card to purchase the meal. This charge appeared on a bill that he paid three weeks later. What type of card is this?

A PIN (Personal Identification Number). What type of card is this?

Hefty fees may be charged if you spend more than what is in the account. What type of card is this?

Interest may be charged, but can be avoided by paying the entire balance each month. What type of card is this?

You receive $500 from the local cultural society.

You borrowed money through a federal program to pay for your education this year.

You entered your painting in a contest and won $750 to pay for your college expenses.